Stainless Espresso: Base metals down, steel prices unimpressed
Steel and stainless steel prices were unimpressed by the current movements in base metals. In the Gulf region, demand is picking up as stainless steel stocks dry up. And aluminum futures show only marginally attention to Chinese announcement. Base metals price...
Stainless Espresso: EU must correct Safeguard mistake
Still on Monday, the European Union had to correct its error in the Safeguard calculations to the WTO. Only a few hours after we had pointed it out. The European market expects a continuing steel shortage and rising prices. And alloy prices in the EU are rising to...
Stainless Espresso: Errors in the EU Safeguard justification?
After a first analysis of the EU Safeguard notification to the WTO of June 11, 2021, we found possible errors in the calculation and the justification for the extension. Is scrap now running out in the EU in addition to steel? And the high steel prices seem to...
Stainless Espresso: EU extends steel safeguard measures
The EU has stated in a notification to the WTO that it intends to extend the EU Safeguard measures for three years. The decision comes amid worsening steel shortages and skyrocketing prices for many steel consumers in the downstream industry. And the UK also intends...